🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

CarMax, Gilead and Sarepta rise premarket; Nvidia falls

Published 06/21/2024, 07:40 PM
BA
-
MSFT
-
GILD
-
AMZN
-
NVDA
-
KMX
-
SRPT
-

Investing.com -- U.S. stock futures edged lower Friday, ending a winning week on a negative note ahead of the release of key economic activity data.

Here are some of the biggest premarket U.S. stock movers today:

  • Nvidia (NASDAQ:NVDA) stock fell 1.7% after tech investor Paul Wick of Seligman Investments reduced his stake in the chip maker. The stock has nearly tripled this year, briefly resulting in the company claiming the largest market capitalization in the world.

  • Microsoft (NASDAQ:MSFT) stock fell 0.1%, slipping slightly despite regaining the title as the world’s most valuable company.

  • Boeing (NYSE:BA) stock fell 0.2% after Reuters reported that the aircraft manufacturer is on the verge of agreeing to repurchase Spirit Aerosystems (NYSE:SPR), up 4.1%, its former subsidiary.

  • Amazon (NASDAQ:AMZN) stock rose 0.2% after Reuters reported that the online retail giant is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service.

  • Sarepta Therapeutics (NASDAQ:SRPT) stock rose 37% after U.S. regulators approved the biotech’s request to widen access for its gene therapy that treats a rare muscle wasting disease.

  • Gilead Sciences (NASDAQ:GILD) stock rose 3.1% after the biotech said its experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial.

  • CarMax (NYSE:KMX) stock rose 1% after the used vehicle retailer’s first-quarter profit came in stronger-than-expected, even after dropping 33%, while its sales missed estimates.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.